This/Next Week Forecast (October 5 - 9, 2020)
Uptrend scenario
An uptrend will start as soon, as the S&P 500 rises above resistance level 3397, which will be followed by moving up to resistance level 3505 - 3586.
Downtrend scenario
The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3397, which will be followed by reaching support level 3191.
Previous week S&P 500 forecast chart
Fundamental Analysis
A slowdown in the labor and manufacturing sectors showing a fair price on the level 3000.
Long-Term Forecast
(Quarter III: July - September 2020)
Uptrend scenario
The uptrend may be expected to continue in case the S&P 500 rises above resistance level 3397, which will be followed by reaching resistance level 3750.
Downtrend scenario
A downtrend will start as soon, as the S&P 500 drops below support level 3191, which will be followed by moving down to support level 3011.
Comments
Log in or sign up to join the conversation.